Stakeholders in the marijuana space have been anxiously awaiting news about rescheduling marijuana since the Biden administration announced its intention to consider rescheduling in August 2023. And while we are less than a year into the new Trump administration, there are increasingly fewer signals that rescheduling is a reality in the short term. There are also more questions about what rescheduling would look like should it eventually occur.
Let’s level set on one thing: Regardless of how you perceive President Trump as a chief executive or a person, you’d be very rich if you could predict with any measure of certainty whether — and particularly when — he will do almost anything when it comes to policy positions. Congress? Not much more predictable. Heck, the current makeup can’t even keep the government open. So, we enter this discussion with a hefty dose of uncertainty by virtue of the makeup of our leadership.
